Can We Spend $80,000 from $1.1M Starting At Age 55?

Start your own retirement plan! https://adviice.ca/ Don't have a detailed retirement plan yet? Start your retirement plan for just $9. This includes a comprehensive 30-day email/video course with detailed instructions. --- Can you retire at age 55 without having millions of dollars? If you want to retire in your mid-50s you might need less than you think. When we combine CPP, OAS, tax credits, and a future downsize you need less financial assets for an age 55 retirement. In this video we build on our previous case study video by adding a downsize. This couple wants to spend $80,000 per year after-tax. They want to downsize their large single family home in the future. They have $1.1M in financial assets. Can they retire now at age 55? See our previous case study video without the downsize here... https://youtu.be/1Q2ut7VfgGs -- Disclaimer: This video is for educational purposes only and does not constitute investment advice or financial advice. All information provided is for illustrative purposes only and you should not rely on such information as the primary basis of your investment, financial, or tax planning decisions. Every effort has been made to ensure the accuracy of its contents. No representations, warranties or guarantees are made as to the accuracy of any estimates or calculations provided. Nothing in this material should be construed as investment or tax advice, or a solicitation or offer, or recommendation, to buy or sell any financial product or securities. Before making any financial decision, you should review your situation with a financial planner.